PENSION IMPLICATIONS FOR HIGH INCOME INDIVIDUALS IN THE LGPS FROM 6 APRIL 2010
LGE guidance Fri Mar 5 2010
THE LOCAL GOVERNMENT EMPLOYERS (LGE) has produced a leaflet setting out the implications from 6 April 2010 onwards of tax changes affecting high income employees with income (from all sources) of over £100,000.
It is based on LGE’s understanding of the law and current consultation papers as at January 2010. Due to the complexity of the subject matter, LGE feel that it is best to provide as much information as possible, including some worked examples.
If you are potentially affected by these measures they will need to consider their position very carefully and, where necessary, seek their own independent financial / tax advice. Various terms used are defined at the end of the leaflet.
Please note, that the Fund is not able, and are not registered, to provide scheme members with individual financial or tax advice.
